Post Utme Lead City University 2017 Commerce Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2017 Commerce Objective / Multiple Choice
Question 21 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • COMMERCE • objective

A company's financial statements show that its cost of goods sold is ₦1,500,000 and its selling expenses are ₦800,000. If the company's net income is ₦250,000, what is its gross profit?

Answer Options

Correct Answer A. ₦1,350,000
B. ₦1,400,000
C. ₦1,450,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,350,000

About This Question

This is Post Utme Lead City University 2017 Commerce Question 21. It is one of the objective questions from the 2017 Post Utme Lead City University Commerce examination.

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